dc.contributor.author | Malin, Mirela | |
dc.contributor.author | Bornholt, Graham | |
dc.date.accessioned | 2017-05-03T14:05:54Z | |
dc.date.available | 2017-05-03T14:05:54Z | |
dc.date.issued | 2013 | |
dc.date.modified | 2014-01-09T23:09:50Z | |
dc.identifier.issn | 1042-4431 | |
dc.identifier.doi | 10.1016/j.intfin.2013.01.002 | |
dc.identifier.uri | http://hdl.handle.net/10072/55471 | |
dc.description.abstract | This paper documents evidence of reversals in the long-term returns of international equity markets. We use recent short-term performance to better select contrarian securities that appear ready to reverse. Our late-stage contrarian strategy consistently provides stronger evidence of long-term return reversal than does the traditional pure contrarian strategy when applied to developed and emerging market indices. Despite an absence of cross-sectional contrarian profits for developed markets in our post-1989 subsample, longitudinal analysis provides strong evidence of reversals during this period. Overall, our results suggest that the reversal of long-term returns may be stronger and more pervasive than is generally understood. | |
dc.description.peerreviewed | Yes | |
dc.description.publicationstatus | Yes | |
dc.language | English | |
dc.language.iso | eng | |
dc.publisher | Elsevier | |
dc.publisher.place | Netherlands | |
dc.relation.ispartofstudentpublication | N | |
dc.relation.ispartofpagefrom | 1 | |
dc.relation.ispartofpageto | 17 | |
dc.relation.ispartofjournal | Journal of International Financial Markets, Institutions & Money | |
dc.relation.ispartofvolume | 25 | |
dc.rights.retention | Y | |
dc.subject.fieldofresearch | Banking, finance and investment | |
dc.subject.fieldofresearchcode | 3502 | |
dc.title | Long-term return reversal: Evidence from international market indices | |
dc.type | Journal article | |
dc.type.description | C1 - Articles | |
dc.type.code | C - Journal Articles | |
gro.faculty | Griffith Business School, Department of Accounting, Finance and Economics | |
gro.date.issued | 2013 | |
gro.hasfulltext | No Full Text | |
gro.griffith.author | Malin, Mirela D. | |